Deflation is a decline in the price level.
Answer the following statement true (T) or false (F)
True
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Net benefits of sellers represent their:
A) revenue. B) profits. C) sales. D) inventory.
If all taxpayers pay the same percentage of income in taxes, the tax system is proportional
a. True b. False Indicate whether the statement is true or false
If an investor owns a well-diversified portfolio, then:
A. His portfolio does not involve any risk B. The idiosyncratic risk in his portfolio is minimized C. The systemic risk in his portfolio is minimized D. His portfolio will have the highest expected return
The median voter theorem states that:
A. if voters have multi-peaked preferences, all of them prefer the median ideal policy. B. if voters have single-peaked preferences, none of them prefer the median ideal policy. C. if voters have single-peaked preferences, a majority of them prefer the median ideal policy to all other policies. D. if voters have multi-peaked preferences, a majority of them prefer the median of those preferences.